TSX Venture Exchange symbol FNR
SASKATOON, Sept. 21, 2011 /CNW/ - With respect to the credit facility
announced September 20, 2011, Allstar Energy Limited ("Allstar"), a
private company with oil and gas assets in the Kindersley area of
Saskatchewan, is an 89.5% owned subsidiary of 49 North Resources Inc.
The remaining 10.5% of the issued and outstanding common shares of
Allstar are owned by the founders and operators of the private company.
49 North is a Saskatchewan focused resource investment company with
strategic operations in financial, managerial and geological advisory
services and merchant banking. Our diversified portfolio of assets
includes direct project involvement in the resource sector, as well as
investments in shares and other securities of junior and intermediate
mineral and oil and gas exploration companies. Additional information
about 49 North is available at www.sedar.com.
Forward Looking Information: This release and the September 20, 2011
release referenced herein contains forward-looking information within
the meaning of applicable Canadian securities legislation. In
particular but without limitation, the press releases include
statements respecting the use of the Allstar credit facilities.
Forward-looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or events
to differ materially from those expressed or implied by such
forward-looking information. In addition, the forward-looking
information contained in the releases is based upon what management
believes to be reasonable assumptions. Readers are cautioned not to
place undue reliance on forward-looking information as it is inherently
uncertain and no assurance can be given that the expectations reflected
in such information will prove to be correct. The forward-looking
information in this release is made as of the date hereof and, except
as required under applicable securities legislation, 49 North assumes
no obligation to update or revise such information to reflect new
events or circumstances.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE 49 North Resources Inc.
For further information:
49 North Resources Inc.
President and Chief Executive Officer
306-653-2692 or firstname.lastname@example.org.